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It's obviously meant to be a server only and not a cheap workstation powerhouse. Tyan is going to have an ATX sized E7501 board coming out that should go for under $300, which is cheap for a Xeon board. It's bare, but since it's a standard ATX board, you don't need a special case or PSU---though I wouldn't skimp on that thing.

I think I'm just going to go build a single processor Athlon or P4 system. Can't really justify the money of buying a Xeon. Now if nVidia does come out with that rumored dual Athlon nForce then that and some modded XP's might do the trick, but I ain't holden my breath.